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yo /biz/
since we all know that sooner or later we have to expect a 50% crash of btc again
im interested in your exit strategies. especially if your exchange does not support fiat Pairings
>usdt
i think if price goes down alot and many people want usdt, chances that those want to redeem their usdt are high. since tether does not have to redeem the usdt i think this might result in usdt crashing too. so thats not an option for me
>eth
atm ist the best idea i think. even when it positively correlates with btc most of the time i think eth at one time will be self sustaining and therefore be a hedge for btc
>xmr
would my second choice after eth allthough ist so ridiculously high atm that its also not really an option. maybe if it corrects before btc does i will think about it.
>ltc
many people say ltc is a btc hedge. is it really tho?
>bch
i really have no idea. might be worth. but cant judge at all
opinions? i think this is really important since we somehow need to save the gains we made
last resort ofc would be to withdraw and back off into fiat
>>
I was close to exiting during the last dump. I half executed my plan too
>Sold everything to BTC on exchange
>Traded BTC to LTC
>Sent LTC to coinbase
So close to cashing out
>>
nubits on bittrex
its like usdt, but actually backed by realy money
shhhhh delete this thread
>>
>>3279689
If BTC fucks up, everything goes down with it. This will be like this for another few years probably.
Just put your shitcoin gains 50/50 into BTC and ETH and hodl through the dips. If you have made enough money then start withdrawing a portion into fiat
>>
>>3279713
Why would you sell low? If any, in times like now you sell.
I bought in big end of July
>>
>>3279730
also just short whatever alt pumped the hardest using polo, last dump i made fat gains shorting eth for a few weeks
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>>3279748
I was still net +20% or so and wanted to not take a loss. Thought it would all keep dropping and I'd buy back in at a cheaper rate.
>>
>>3279761
hmm mabe i just buy all eth and then short eth at the same time.
100% hedge - fees right?
>>
>>3279839
same amount of eth, but your dollar value drops with btc.
>>
>>3279850
ahh shit true
i knew it was flawed
>>
>>3279689
i'm 40% fiat, 40% eth, and 20% btc and altcoins.
how would that allocation work for you? it's how my portfolio has been since i sold my btc @ 2800 (doh!)
i figure if prices rise i can buy in with more fiat, but i'm really waiting for a crash to see if i can get some killer bargains.
i missed my chance before, because i was too chickenshit, but i could have rebought btc at $1800.
>>
>>3280070
you will be waiting for a month or two imo
>>
I'll just piss and moan and hodl my way through it as always
>>
>>3279689
>since we all know that sooner or later we have to expect a 50% crash of btc again
lol no
>>
>>3280077
probably. what would you do with that 40% fiat in the meantime?
>>
>>3280104
buying good ico's is a hedge, it was last crash as well
see dnt, tnt, some others.
>>
>>3280116
thx
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